iRobot stock jumps 15% on Q1 earnings and 2013 projections
iRobot’s stock (ISRG:NASDAQ) jumped 15% today on yesterday’s earnings report which exceeded analysts’ expectations for both the quarterly earnings and the annual projections.
“We kicked off 2013 with an outstanding quarter,” said Colin Angle, chairman and chief executive of iRobot in a statement. “The results and outlook for our home Robot business are excellent.”
Domestic home robot revenue grew 44% in Q1 representing 14% year-over-year increase. International home robot revenue was $61.3 million (66% of total for quarter).
“The DoD announced a $14.4 million order for FirstLook robots during the quarter which gives us confidence in achieving our full year expectations.”